Search Results for "connecticut department of banking"
A New Era of Smart Banking: Virtual Bank by Standard Chartered Building Digitally-Born Services
During Hong Kong Fintech Week 2019, Blockchain.News spoke with Deniz Güven, the CEO of the Virtual Bank by Standard Chartered, to understand the current developments and the new technology behind it. The Virtual Bank by Standard Chartered was one of the first granted a virtual banking license on March 27, 2019, from the HKMA along with two other licensees, Livi VB Limited and ZhongAn Virtual Finance Limited.
Heads of SEC, CFTC and FinCEN Jointly Warn Crypto Industry to Follow Regulations
The heads of the three major US financial regulators have issued a joint statement warning the cryptocurrency industry to adhere to banking regulations in the development of digital assets.
Central Banks Could Monopolize Commercial Banking Sector via CBDC, Says Federal Reserve
A new working paper from the Federal Reserve Bank of Philadelphia indicates that the development of a central bank digital currency (CBDC) may create a fundamental shift in the way banks operate.
Open Banking & Banking Digital Transformation Congress will be held in August in Shanghai
Open Banking&Banking Digital Transformation Congress 2020 will be held on September 24-25 in Shanghai with a focus on digital transformation and open ecosystem construction of large state-owned banks, joint-stock banks, urban commercial bank, and foreign bank, etc. The congress will mainly discuss how iABCD empower retail, micro and corporate finance from perspectives of policy transmission, ecological construction, cultural innovation, business model innovation, product innovation, risk management, marketing, and the user experience, etc.
Beyond Banking: DBS Bank’s Digital Transformation into Smarter ‘Phygital’ Banking Services
In 2019, despite facing an increasingly challenging and uncertain environment, especially the second half of last year, DBS achieved a record performance and successfully launched DBS’ First Fully Virtual Wealth Management Account Opening Solution.
South Korea Intensifies Blockchain in Banking but Rules Out Digital Fiat Currency
Wide application of blockchain technology is expected to affect people’s lives, business, education, governance, and other sectors. That is the reason, many countries explore and even deploy the huge potential of this technology. But the latest trend of the technology seems to have taken a new twist in South Korea. Now let’s find out why South Korea continues adopting blockchain in banking but rejects rolling out digital fiat currency.
Why is Blockchain Technology Revolutionizing the Banking and Finance Market?
As technology continues to evolve year after year, it becomes glaring that it is gradually sweeping every productive sector in the world, more importantly, finance and banking. This is so because the sector is about the most sensitive in every economy. It’s got to be, right? Money is important and needed by everyone – one way or another.
UK Fintech Firm Mode Launches Bitcoin Banking App Enhancing Mass Consumer Accessibility
London-based fintech company Mode has announced that it has unveiled its Bitcoin banking app to advance user experience.
Fidelity’s Crypto Arm Given the Green Light by the New York State Department of Financial Services
Fidelity Digital Assets Services (FDAS), the cryptocurrency arm of Fidelity Investments has been granted a license by the New York State Department of Financial Services (NYDFS), allowing the company to offer cryptocurrency trading and custody services.
Beijing Authorities Warns Institutions Not to Get Involved with Crypto
Beijing’s local authorities in China have issued a new risk warning on cryptocurrency trading activities. The Beijing Local Financial Supervision Administration, the Business Management Department of the People’s Bank of China, the Beijing Banking and Insurance Regulatory Bureau and the Beijing Securities Regulatory released further measures to ask firms not to engage in crypto businesses.
Department of Homeland Security (DHS) Trials Blockchain Solution for Canadian Borders
Department of Homeland Security (DHS) trials Blockchain solution for Canadian borders - Works with Customs Direct, a partner with blockchain expert Morpheus.Network, to fast track multiple Proof of Concepts (POCs).